I agree with
@docB, make sure the group is copasetic with your long term scheduling plans. Inevitably, over the years, the travelers with scheduling blocks would get shafted once the group filled with local FTEs. Your group/employer will most certainly have a vested interest in replacing you with someone cheaper if they are also footing the travel/lodging/rental car bill. We had a guy commuting from Vegas for years to our SE site and once I was part of administration, I heard the repeated groans over how much he cost with his travel bill and to be on the lookout for the easiest way to replace him in the future. He got his shifts cut over and over again once we got reasonably staffed. You could probably buy yourself a little more time and stability by offering to be a nocturnist for the group. Those are more difficult to replace and your commuting costs might be seen as an unofficial differential of sorts that is justified by your commitment to nights. As
@The Knife & Gun Club mentioned, I think it's equally important to factor in the time lost during travel to see if your hourly rate would be much better than what you might find locally. Some people value this different than others and I suppose if you've got loud, young kids at home and a nagging SO, time alone on a plane or in a hotel might be priceless. For me, I hate traveling and I hated living out of a hotel room, so the time would definitely get factored into my rate.
That being said, I don't think it's unreasonable to decide to live in your "perfect place" and commit to locums for the rest of your career. Just be sure that it's something you can tolerate long term. Preferably BEFORE you pull out a mortgage and purchase that dream home/property. I knew a guy from Florida that was one of the smoothest EM docs I've met and he must have been traveling his entire career, at least 20 years. He loved it. I never understood how, but he did.
The only thing that would make me nervous about traveling in this day and age would be the glut of emergency physicians. In years past, you could always find a locums gig. Nowadays, I'm not so sure. It would be terrible to commit yourself to a single location only to find your job not as secure as you hoped and be scrambling in a year or two to find something else. Though, I suppose that could just as easily happen with a local job. I hope it works out for you!